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The Great Depression
Part one of term paper
Though most Americans are aware of of 1929, which may well
be "the most serious problem facing our free enterprise economic system,"(
) few know of the many Americans who lost their homes, life savings and
jobs. This paper briefly states the causes of the depression and summarizes the
vast problems Americans faced during the eleven years o ...
Part two of term paper ... cause of the Depression was that the pay of
workers did not increase at all. Because of this, they couldn't afford
manufactured goods. While the factories were still manufacturing goods,
Americans weren't able to afford them and the factories made no money (Drewry
and O'connor 559).
Another major cause related to farmers. Farmers weren't doing to well because
they were producing more crops and farm products than could be sold at high
prices. Therefore, they made a very small profit. This ins ...
Word count: 1685 | Approximate pages: 7
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